Mastering Accounting Principles Quiz
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Questions and Answers

Which term is often used interchangeably with accounting?

  • Economics
  • Reporting (correct)
  • Management
  • Finance

    • Who are the stakeholders that accounting conveys information to?

  • Investors, creditors, management, regulators (correct)
  • Employees, customers, suppliers
  • Government agencies, competitors, shareholders
  • Owners, directors, auditors

    • Which field of accounting focuses on the reporting of financial information to external users?

  • Tax Accounting
  • Management Accounting
  • Cost Accounting
  • Financial Accounting (correct)

    • What is the main focus of management accounting?

    <p>Measurement, analysis, and reporting of information for internal use by management</p> Signup and view all the answers

    What are practitioners of accounting known as?

    <p>Accountants</p> Signup and view all the answers

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